Treasurys Rise on Bernanke

Fed Chairman Soothes Worries That Fed Is In Hurry to Tighten

Treasury bonds got a new lease on life in late afternoon trade Wednesday as the latest comments from Federal Reserve Chairman Ben Bernanke soothed anxiety over rising interest rates.

Earlier in the day, bond prices had dropped as the minutes of the Fed's June policy meeting showed about half of policymakers in the Federal Open Market Committee expect the bond-buying program to end later this year. That heightened fears that bond...